Just as many has said is giving investors hope and as well encouragement from the previous bear market of 2021, if you could flash back many invested hugely thinking it would get $100k after seeing a new ATH of +$68k and anytime she thinks of her investment it gives her the courage it could get to $1mio then but realistically speaking there's every possiblity this could get her predictions.
Now for the Halving you should know whenever there's halving the circulation reduce and this calls for scarcity and price increment.
Yeah, I'm one of those that have hoped that bitcoin will reach $100k last year. The possibility is there but if talking about the reality, it might take a very long time before we see it happen.
And I hate it these days when someone is too vocal about huge prices for bitcoin in the future. It's making new investors think that it will really happen without adding some analysis and how it will come.
Always taken out of context I guess. Not that analysis helps make the prediction more credible or more likely. But we also got people saying it's going to zero and constantly loudly reminding, so I suppose we gotta take the sugar and salt together.
Makes sense, as the opposite telling that bitcoin will go to zero. But I'm thinking more about the newbies that have been too hyped with high price predictions and making them decide to invest just because of those predictions.
Well, I guess it's on them and they should always take things with a basis before committing a decision.
The question is, are 2 halvings will be enough for her prediction to happen? It's hard to think but it's most likely that we might not see that happen.
Yeah exactly. Two halvings is very likely not enough to take Bitcoin from $69k to $1 million. 3 halvings...maybe. 4 havings...absolutely.
But if cycles are going to be different for the next bulls to come, it would be lovely to see it quicker than expected.
